car and home insurance 'on the rise' by Finance News Bulletin

Published: 06/12/07

The AA's British cover Premium Index found that average home buildings and home contents cover quotes spiked three and two per cent respectively over a three month era, while car policies saying a more modest increase of one per centJohn Close, insurer relations manager at AA Insurance, said that the higher premiums were a direct consequence of the expensive floods Britain endured this summer"We now see the consequence of that devastation reflected in premiums as insurers meet the price of drying out and repairing homes as well as provisional re-housing of families while their homes were made habitable once again," explained Mr CloseHe added: "Some predictions that premiums would rise by 15 per cent were overly pessimistic and, although I believe premiums will continue to go up as insurers dip into their treasury, I expect competitive pressure will keep increases affordable

"Sainsbury's store recently reported that one in five motorists are paying more than they need to on their car insurance because they be unsuccessful to shop aroundTerms of use Advertising capital Product guides Press releases About us

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